Short Interest in Federal Agricultural Mortgage Corp. (NYSE:AGM) Rises By 11.2%

Federal Agricultural Mortgage Corp. (NYSE:AGM) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 126,900 shares, a growth of 11.2% from the August 30th total of 114,100 shares. Based on an average daily trading volume, of 46,800 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.4% of the company’s shares are sold short.

In other Federal Agricultural Mortgage news, Director James R. Engebretsen sold 500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $79.97, for a total value of $39,985.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.46% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its holdings in Federal Agricultural Mortgage by 220.5% in the second quarter. Bank of Montreal Can now owns 1,109 shares of the credit services provider’s stock valued at $80,000 after acquiring an additional 763 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at approximately $271,000. Domini Impact Investments LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at approximately $402,000. Virginia Retirement Systems ET AL raised its holdings in Federal Agricultural Mortgage by 5.4% in the second quarter. Virginia Retirement Systems ET AL now owns 5,900 shares of the credit services provider’s stock valued at $429,000 after acquiring an additional 300 shares in the last quarter. Finally, HGK Asset Management Inc. raised its holdings in Federal Agricultural Mortgage by 19.5% in the second quarter. HGK Asset Management Inc. now owns 6,842 shares of the credit services provider’s stock valued at $497,000 after acquiring an additional 1,118 shares in the last quarter. 62.61% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Thursday.

NYSE AGM traded down $0.17 during trading hours on Monday, reaching $81.72. The company had a trading volume of 44,163 shares, compared to its average volume of 51,942. The stock has a market capitalization of $868.20 million, a P/E ratio of 9.76 and a beta of 1.18. Federal Agricultural Mortgage has a 1-year low of $55.64 and a 1-year high of $87.67. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.95. The stock has a 50-day moving average of $82.10 and a 200 day moving average of $76.14.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.14. The business had revenue of $55.79 million for the quarter. Federal Agricultural Mortgage had a net margin of 18.82% and a return on equity of 20.01%.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.80 annualized dividend and a dividend yield of 3.43%.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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